Property profile

5150 Franklin St Michigan City, IN 46360

OFF-MARKET
Retail properties & Spaces
590 SF
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Property summary

AI-generated overview

This exceptional retail opportunity presents 590 square feet of prime, in-store space within a high-traffic Meijer location in La Porte County. Benefit from a highly visible, front-of-store position, ensuring maximum exposure to thousands of weekly shoppers. This "store-within-a-store" concept offers unparalleled convenience and accessibility. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities, simplifying your operational costs. Interior and exterior branding opportunities are available, enhancing your visibility and brand recognition. The space is situated in a thriving trade area with strong demographics, making it ideal for a variety of businesses. This turnkey solution is perfect for businesses seeking high foot traffic and immediate access to a built-in customer base. The space is adaptable to various retail uses, including but not limited to financial institutions, food and beverage establishments, service businesses, health and wellness providers, and insurance agencies. This is a unique chance to establish your business within one of the Midwest's most recognizable retail destinations. The property offers a fixed monthly fee, eliminating the complexities of variable operating costs. Multiple similar vacancies exist in other Meijer locations across the Midwest.

Property profile

Verified
Property type Retail properties & Spaces
Total area 590 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Department Store
  • Physician
  • Pharmacy
  • Bakery Specialty Food Shop

Location

5150 Franklin St Michigan City, IN 46360
Michigan City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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